Which of the Following Statements Is a Correct Statement About

question 75

Multiple Choice

Which of the following statements is a correct statement about haphazard sampling?

• A)the sample is selected without any bias.
• B)haphazard sampling can be used for either statistical or non-statistical sampling.
• C)haphazard sampling may be used when items in the population are not prenumbered documents.
• D)haphazard sampling must be used when items in the population are not prenumbered documents.
• E)haphazard sampling can only be used for non-statistical sampling.
• F)both A and B
• G)both A and E
• H)Both D and E

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Definitions:

Inventory Valuation

The method of calculating the cost of goods available for sale and determining the end inventory balance.

Net Realizable Value

The estimated selling price of goods, minus the costs of their completion and costs necessary to make the sale.

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace.

Ending Inventory

The total value of all merchandise or goods held by a company at the end of an accounting period, which has not been sold.